What is the Live Trades Feed?
The Live Trades page shows you every perpetual trade happening on Jupiter in real-time. You see position opens, closes, increases, decreases, and liquidations as they happen—giving you a live view of what traders are actually doing, not just what they're saying.
This is like having a window into the order flow of the entire market. While you can't see pending orders, you can see every executed trade and use this information to understand market sentiment and identify opportunities.
Understanding Trade Types
Each trade in the feed has a type that tells you what the trader did:
Increase (Open/Add)
The trader opened a new position or added to an existing one. This shows conviction—they're putting capital at risk.
- Long Increase: Bullish signal, trader expects price to rise
- Short Increase: Bearish signal, trader expects price to fall
Decrease (Close/Reduce)
The trader closed a position or reduced size. This can mean profit-taking, loss-cutting, or risk reduction.
- Long Close in Profit: Profit-taking, might signal local top
- Long Close in Loss: Capitulation, might signal bottom approaching
Liquidation
The trader's position was forcibly closed by the system. These are the most significant trades because they're not voluntary—they create forced buying or selling pressure.
- Long Liquidation: Forced SELL, adds downward pressure
- Short Liquidation: Forced BUY, adds upward pressure
Key Information in Each Trade
| Field | What It Tells You |
|---|---|
| Size | Dollar value of the trade. Bigger = more significant |
| Side | Long (bullish) or Short (bearish) |
| Market | SOL, ETH, or BTC perpetual |
| Leverage | How aggressive the trader is (higher = riskier) |
| Price | Execution price of the trade |
| PnL | Profit or loss (for closes only) |
| Wallet | Who made the trade (click to see their history) |
Patterns to Watch For
Bullish Signals
- Large long opens at support: Smart money buying the dip
- Short liquidation cascade: Forced buying pushing price higher
- Shorts closing in loss: Bears giving up, potential squeeze
- Known profitable wallets going long: Following smart money
Bearish Signals
- Large short opens at resistance: Smart money selling the rip
- Long liquidation cascade: Forced selling pushing price lower
- Longs closing in profit: Bulls taking money off the table
- Known profitable wallets going short: Following smart money down
Caution Signals
- Mixed large trades: No clear direction, expect chop
- Low volume: Less conviction, moves may not sustain
- Both sides liquidating: Extreme volatility, stay cautious
- Whale closing without reopening: Sidelined for a reason
Filtering the Feed
The raw feed can be overwhelming. Use filters to focus on what matters:
By Size
Filter for trades above a certain dollar amount (e.g., $10,000+). Small trades are noise; large trades move markets.
By Market
Focus on the asset you're trading. If you're trading SOL, filter for SOL-PERP trades only.
By Action Type
Watching only liquidations gives you the most impactful forced flows. Watching only opens shows new conviction.
🎯 Recommended Filters for Different Goals
- Catching liquidation cascades: Liquidations only, $5k+ size
- Following whale activity: All types, $50k+ size
- Gauging sentiment: Opens only, $10k+ size
- Finding capitulation bottoms: Closes in loss, high volume
Practical Trading Strategies
Strategy 1: Fade Extreme Liquidations
When you see a cascade of liquidations, the move often exhausts itself. Watch for liquidation volume to peak and then enter counter-trend.
- Filter for liquidations in your target market
- Watch for rapid succession of liquidations in one direction
- When liquidation frequency slows, the cascade may be ending
- Enter a small counter-trend position with tight stop
Strategy 2: Follow Whale Opens
When a wallet with a proven track record opens a significant position, consider following with a smaller position.
- Watch for $50k+ position opens
- Click the wallet to check their historical performance
- If they're consistently profitable, their conviction may be worth following
- Enter with lower leverage and your own stop-loss
Strategy 3: Sentiment Divergence
When the feed shows heavy one-sided activity but price isn't moving proportionally, a reversal may be coming.
- Notice if longs are piling in but price is stalling
- This suggests supply is absorbing the demand
- A move against the crowd may be imminent
- Wait for confirmation (price breaking the wrong way) before trading
Elite Price Charts with Trade Activity
Elite members have access to an advanced TradingView-style price chart directly on the Live Trades page. This chart overlays trade activity onto candlestick data, letting you see exactly when and where trades happen.
Chart Features
| Feature | Description |
|---|---|
| Token Selector | Switch between SOL, ETH, and BTC charts |
| Timeframe Buttons | Choose from 1m, 5m, 15m, 1h, 4h, or 1D candles |
| Trade Markers | Numbers on candles showing trade count (toggle on/off) |
| Net Delta Histogram | Shows longs minus shorts per candle—green = bullish, red = bearish |
| Cumulative Delta | Running total of net delta to spot divergences |
| Large Trade Markers | Highlight significant trades above a configurable threshold |
| Volume Profile | Visual representation of trading activity at each price level |
| Watchlist Position Overlay | See your watchlisted traders' entry points directly on the chart |
Using Net Delta for Trading
Net Delta shows the difference between long and short trades per candle. This is powerful for identifying:
- Buying pressure: Green bars indicate more longs than shorts being opened
- Selling pressure: Red bars indicate more shorts than longs
- Divergences: When price rises but delta is red (or vice versa), a reversal may be coming
- Conviction: Tall bars indicate high activity and strong directional conviction
Bullish Delta Signal
Large green delta bars at support levels suggest strong buying interest. Watch for price to follow through to the upside.
Bearish Delta Signal
Large red delta bars at resistance suggest strong selling interest. Price may struggle to break higher.
Large Trade Markers
Enable large trade markers to highlight significant trades above a configurable dollar threshold. You can adjust:
- Threshold slider: Set minimum size to show (e.g., $50,000+)
- Opens vs Closes: Toggle to show only certain trade types
- Watchlist Only: Show only trades from your watchlisted traders
Combining with Other Tools
Live Trades is most powerful when combined with other PerpsTracker features:
Live Trades + Leaderboard
When you see an interesting trade, check if the wallet is on the leaderboard. Top trader activity is more significant than random wallet activity.
Live Trades + Watchlist
Add interesting wallets to your watchlist. Then when you see them appear in Live Trades, you know it's someone worth paying attention to. Their positions will even show up on the price chart overlay!
Live Trades + Price Charts
The Elite price chart is built directly into the Live Trades page—no need to switch between tabs. See trades happen in real-time on the chart with Net Delta showing buying/selling pressure.
⚠️ Important Limitations
- You only see completed trades, not pending orders
- A single wallet can be multiple people (shared wallets)
- Past performance doesn't guarantee future results
- Large trades can be hedges—the trader might have opposite exposure elsewhere
- Don't blindly copy—use as one input in your analysis
Building Good Habits
To get the most from Live Trades, develop a routine:
- Morning check: Review significant overnight trades
- Pre-trade check: See what's happening right before you enter
- During volatility: Watch for liquidation cascades
- Post-trade: See how your trade compared to others
🔴 Start Watching Now
The best way to learn is to observe. Open Live Trades and just watch for 30 minutes. Notice patterns, see how trades cluster, and observe what happens to price after significant activity.
Open Live Trades →